NDB approves 500M loan for Delhi-Meerut RRTS, 241M for Mumbai Metro
NEW DELHI (Metro Rail News): The New Development Bank (NDB) has approved USD 500 million for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Project and USD 241 million loans for Mumbai Metro. The two loans were approved by the NDB Board on Friday. NDB is a Shanghai-based bank and set up by the BRICS (Brazil, Russia, India, China, South Africa). These two projects are doing an extensive infrastructure boost for India's capital and its financial capital Mumbai. The Mumbai Metro Loan of USD 241 million will be used for implementing a 14.47 km long metro rail Line 6 (Lokhandwala-Jogeshwari-Vikhroli-Kanjurmarg) in Mumbai. The Mumbai Metro line 6 will improve the transport and traffic conditions in Mumbai by providing a modern metro system, featuring high-capacity, safe and comfortable mode of transport. Alos provide much-needed rail-based connectivity between the western and eastern suburbs, and will contribute towards an integrated seamless public transport network in...